AVT Founder Describes Lawsuit Against Randall Lane

In a letter to shareholders, AVT Founder, Shannon Illingworth, wrote about AVT's $100 million dollar lawsuit against Randall Lane. The lawsuit was filed on June 30, 2010 in California Superior Court, County of Orange.

The lawsuit was filed by AVT in response to alleged libelous and false claims made by Lane in his book and in his web column. The lawsuit also names The Penguin Group -- publisher of Lane's book, and RTST, Inc -- an internet publishing house where Lane is Editor-at-Large.

In his letter to shareholders, Illingworth wrote: "Mr. Lane recently wrote and published in his book specific allegations against Lenny Dykstra, former major league professional baseball player. Among the allegations and statements Lane wrote concerning Mr. Dykstra, was that he (Dykstra) was given thousands of dollars worth of AVT stock as payment for his efforts to promote AVT."

The letter further states that these allegations about AVT were completely false and damaging to AVT.

Illingworth stated categorically, "At no time ever has AVT engaged in stock or money transfer to Lenny Dykstra for the purpose of promoting AVT public stock."

The lawsuit states that the Lane's story and book "included false statements, (and) was degrading to the plaintiff," and that the defendants "acted in reckless disregard for the truth."

Illingworth also noted that AVT is solid and secure, with production and stability that are as strong as ever. He stated, "We are continuing to build our business and further solidify our position as the technological leader in our industry."

ABOUT AVT: AVT, Inc. is a vending solutions provider based in Corona, California that has developed several significant vending machine technologies that yield a more efficient and reliable, yet technically advanced system. This advanced technology provides methods for cashless payment, credit card and debit card use, dynamic advertising, remote tracking, and inventory management. AVT has a strong balance sheet and currently serves more than 300 government and commercial vending accounts.